Danske Bank struggles in Ireland despite profit surge

Danske Bank’s Irish operations continued to struggle in the first half of the year despite an improved performance overall.

Net profit in the first half of 2014 was €1.15bn; an increase of 88% on the same period in 2013.

Commenting on the half- yearly results, Danske Bank chief executive Thomas Borgen attributed the bank’s improved performance to declining expenses and an improving impairment situation.